401(k) Balances Reached Record on 2012 Stock Market Rally – Bloomberg 02-13-13

Salient to Investors:

Beth McHugh at Fidelity Investments said average balances in 401(k) accounts in the US rose 12 percent from a year earlier to a record high of $77,300 at year-end 2012 – 2/3 of the increase from market appreciation, the remainder from contributions.

ICI says Americans held $3.5 trillion in 401(k) accounts as of Sept. 30 2012.

Read the full article at http://www.bloomberg.com/news/2013-02-14/401-k-balances-reached-record-on-2012-stock-market-rally.html

 

Free email alerts of articles as soon as they are posted.